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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?


To: Frodo Baxter who wrote (8205)3/5/1999 10:10:00 PM
From: Stitch  Read Replies (1) | Respond to of 9980
 
Lawrence,
<<FYI, Seg's shorting of the dollar against SE Asian currencies cost them significantly more than 66 mln.>>
I was recalling numbers for Q1-98 (ending on Oct.97). You're right, there was an additional 12 or so million in the subsequent quarter, again, as I recall. I am not aware of any other significant currency hedging related write offs within the context of the period we are discussing.

best,
Stitch